Unemployment rates tend to be highest during periods of:
A. recession.
B. economic boom.
C. recovery.
D. static movement.
A. recession.
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
If a firm in perfect competition is suffering a loss, it should continue to operate in the short run as long as
a. AR exceeds AVC. b. AR exceeds AFC. c. AVC exceeds AFC. d. AFC exceeds AVC.
A goal of expansionary monetary policy is to:
A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.
Public funding is not a part of colonial history
Indicate whether the statement is true or false